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Personal Record Retention Guidelines
Personal Records to Keep For Three Years
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Bank Statements
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Credit Card Statements
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Medical Bills (in case of insurance disputes)
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Utility Records
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Expired Insurance Policies
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Personal Records To Keep For Seven Years
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Supporting Documents For Tax Returns
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Medical Bills (if tax-related)
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Accident Reports and Claims
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Property Records/Improvement Receipts (keep until after disposing of the property)
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Wage Garnishments
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Personal Records To Keep Forever
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Alimony, Custody, Prenuptial Agreements
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Birth and Death Certificates
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Income Tax Payment
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Income Tax Payment Checks
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IRS Notices
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Important Correspondence
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IRA and 401K Statements – (Year-end only)
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Legal Records
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Medical Records
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Photos or Videotapes of Valuables
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Retirement and Pension Records
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Other Personal Records
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Car Records (keep until the car is sold)
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Credit Card Receipts (keep until verified on your statement)
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Insurance Policies (keep for the life of the policy)
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Mortgages / Deeds / Leases (keep 6 years beyond the agreement)
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Pay Stubs (keep until reconciled with your W-2)
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Property Records / improvement receipts (keep until property sold)
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Sales Receipts (keep for life of the warranty)
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Stock and Bond Records (keep for 6 Years beyond selling)
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Warranties and Instructions (keep for the life of the product)
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Please note this table should only be used as a guide. You should consult with your attorney and insurance carrier when establishing a record retention policy. It is also recommended reviewing your record retention policy annually and updating it as necessary considering governmental changes and other requirements.
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